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Construction Partners Inc (ROAD)
NASDAQ:ROAD
Earnings Data
Report Date
May 08, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.02Last Year’s EPS
0.08Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented strong operational and financial results: substantial top-line growth (+44%), a large increase in adjusted EBITDA (+63%) with a record first-quarter margin (13.9%), an expanded backlog ($3.09B), improved cash flow, and an active M&A pipeline and integrations. Management raised full-year guidance and reiterated ambitious long-term targets. Near-term weaknesses included a Q1 organic growth shortfall (3.5% vs. 7%–8% target), elevated leverage (3.18x), localized competitive pricing pressure, and normal seasonality/weather uncertainty. On balance, the positive financial momentum, upgraded guidance, successful acquisitions/integrations, and strong backlog and cash generation outweigh the isolated near-term headwinds.Company Guidance
Strong Revenue Growth
Revenue of $809.5 million in Q1, up 44% year-over-year (3.5% organic growth, 40.6% acquisitive growth).
Adjusted EBITDA and Record First-Quarter Margin
Adjusted EBITDA of $112.2 million, up 63% year-over-year; adjusted EBITDA margin reached 13.9% (vs. 12.2% prior year) — the highest first-quarter margin in company history.
Gross Profit and Margin Improvement
Gross profit of $121.5 million, up ~58% year-over-year; gross profit as a percentage of revenue improved to 15.0% from 13.6%.
Raised Full-Year FY2026 Guidance
Company raised FY26 ranges: revenue $3.48B–$3.56B; net income $154M–$158M; adjusted net income $163.5M–$168.7M; adjusted EBITDA $534M–$550M; adjusted EBITDA margin 15.34%–15.45%. Organic growth guidance of ~7%–8% for the year.
Robust Backlog and Contract Coverage
Project backlog of $3.09 billion at 12/31/25, with approximately 80%–85% of the next 12 months' contract revenue covered by backlog.
Strong Cash Flow and Liquidity
Operating cash flow of $82.6 million in Q1 (up from $40.7 million prior year). Cash and equivalents of $104 million plus $163 million available under the credit facility (net of letters of credit). Company expects to convert 75%–85% of EBITDA to cash flow in FY26.
Active M&A and Market Expansion
Completed multiple strategic acquisitions including recent GMJ Paving (adds 12th Houston hot-mix plant); acquisitions accounted for ~ $260M–$280M of revenue in the remaining three quarters (including GMJ). Management reports a robust acquisition pipeline and successful integration of recent platform deals.
Operational Execution and Organic Growth Initiatives
Successful integration of platform acquisitions (Houston, Daytona Beach, Lone Star platforms) and planned organic investments (HMA greenfield in Georgia and additional greenfield facilities later this year/early next year).
Favorable Public-Sector Environment
Management expects federal, state and local contract awards in FY26 to increase ~10%–15% over FY25, with anticipated favorable formula funding in the upcoming Surface Transportation reauthorization.
Road 2030 Long-Term Targets
Management reiterated Road 2030 plan: target to double revenue to >$6 billion by 2030 and target ~17% EBITDA margin (long-term ambition to generate >$1 billion EBITDA annually).
ROAD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
ROAD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 05, 2026 | $114.77 | $127.65 | +11.22% |
Nov 20, 2025 | $104.19 | $100.43 | -3.61% |
Aug 07, 2025 | $93.43 | $104.59 | +11.94% |
May 09, 2025 | $92.47 | $95.75 | +3.55% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Construction Partners Inc (ROAD) report earnings?
Construction Partners Inc (ROAD) is schdueled to report earning on May 08, 2026, After Close (Confirmed).
What is Construction Partners Inc (ROAD) earnings time?
Construction Partners Inc (ROAD) earnings time is at May 08, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ROAD EPS forecast?
ROAD EPS forecast for the fiscal quarter 2026 (Q2) is 0.02.